Autumn statement - help for savers?

veryintrigued

I wonder if the recent stats on strong consumer spending, a fall in inflation and the healthy jobs market (and pay rises) might have a baring on anything Hammond was looking at.

From a purely selfish angle I do hope May follows through and offers savers something.

Thrugelmir

veryintrigued wrote: »

I wonder if the recent stats on strong consumer spending, a fall in inflation and the healthy jobs market (and pay rises) might have a baring on anything Hammond was looking at.

Doesn't address any of the real fundamental questions though.

ColdIron

We tend to have a narrow definition of 'savers' on this board while the government's is wider and includes people putting money away for retirement (as distinct to those receiving their state pension and benefiting from the triple lock)

I wonder if we could see the return of flat rate pension tax relief that has been danced around by both parties in recent years

It could benefit low earners at the cost of higher earners and be cost neutral. It could even be revenue positive depending upon where the bar was set, and like VAT the benefit to HMRC would be quickly realised

It's always sounded a bit socialist to me but needs must and pension tax relief has always been a big fat low hanging juicy fruit to Chancellors of all political hues

bigfreddiel

Glen_Clark wrote: »

We are paying Carney £700k a year, £3k housing allowance, plus expenses. We are the losers.

You're right, we are the losers, for paying peanuts!

And what do you get if you pay peanuts? Monkeys!

Thanks for mentioning it.

Cheers fj

Thrugelmir

themanfromamarillo wrote: »

1. is politically hard since the Conservatives' main policy play for 8 years has been auserity.

Good financial management is a sound discipline. Politics is a side issue that is simply used to create a fog of confusion. ( PS I'm still awaiting for Labour to come up with alternative policies. As certainly since 2004 there's been a huge ineptness).

themanfromamarillo

I suspect Hammond is less prone to giveaways to groups the Tories want to impress than Osbo was. Hence I don't expect to see anything huge that hasn't been pre-announced.

Will be interesting to see if the ISA limit goes up. Inflation has been low but it's been frozen for 2 years.

ColdIron

Osborne announced in the March 2016 budget that the ISA limit will be raised to £20,000 from April 2017

Glen_Clark

Tory PR team have done a good job with Philip Hammonds photos.. Wonderful how they can make Essex Wide Boy Car Salesman look like a safe pair of hands

veryintrigued

ColdIron wrote: »

Osborne announced in the March 2016 budget that the ISA limit will be raised to £20,000 from April 2017

That'll make decent rate Regular Saver ISAs even more tempting to me come April.

Edited

Ed-1

NS&I bond to be released. Details to be given in Budget 2017 but expected to be 2.2% on up to £3,000.

Token gesture.